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Giving shareholders the full picture

Boards must go beyond mere box-ticking and bring about a cultural change that emphasises shareholder rights, says DAVID GERALD

CORPORATE governance failures can be disastrous. The inglorious Enron and MCI (formerly Worldcom) scandals of the early 2000s resulted in bankruptcies that wiped out US$250 billion of shareholder value. During the 1997 Asian financial crisis, Korean "chaebols" caved in after years of excessive